Announced
Financials
Tags
Infrastructure
logistics assets
Acquisition
Private
Friendly
Third Party Logistics (3PL)
Private Equity
Pending
United States
Majority
Single Bidder
Synopsis
Blackstone Group agreed to acquire US logistics assets of GLP, a Singapore-based investment holding company, which owns, manages, and develops logistics facilities, for $18.7bn. This overall transaction totals 179m square feet of urban, infill logistics assets, nearly doubling the size of Blackstone’s existing US industrial footprint. Ken Caplan, Global Co-Head of Blackstone Real Estate, commented: “Logistics is our highest conviction global investment theme today, and we look forward to building on our existing portfolio to meet the growing e-commerce demand. Our global scale and ability to leverage differentiated investment strategies allowed us to provide a one-stop solution for GLP’s high quality portfolio.”
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